The office of a U.S. senator plans to release a draft of stablecoin yield terms next week, and the industry is preparing counter-proposals.

CycleProphet · 2026-03-28T00:51:23+00:00

Senator Thom Tillis's office plans to release the legislative text for stablecoin yield/reward terms next week in response to dissatisfaction from Coinbase and other crypto industry players. Industry leaders are drafting counter-proposals to protect customers and maintain the reward programs.

CycleProphet

2026-03-28 00:51:23

Abstract generation in progress

Deep Tide TechFlow news, on March 28, according to crypto journalist Eleanor Terrett, staff from U.S. Senator Thom Tillis’s (R-NC) office revealed that the office plans to publicly release detailed legislative text on stablecoin yield/reward terms next week, and is currently in ongoing negotiations with stakeholders.

This move stems from dissatisfaction among Coinbase and other stakeholders in the crypto industry regarding the parameters of the proposal presented in a limited scope earlier this week. Coinbase’s Global Head of Investment Research, David Duong, stated that industry leaders are currently drafting a coordinated counter-proposal, “explaining why targeted modifications are necessary to protect customers and maintain a sustainable reward program.”

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